Mainland investment in Taiwan drops slightly in 2014

>>Mainland investment in Taiwan drops slightly in 2014

By Wang Di and Xu Xueyi

A total of 136 investment projects from mainland businesses were given the green light in Taiwan in 2014, a decrease of 1.45 percent year on year, the island’s economic authority said on Tuesday of January 20.

Statistics show that investment in Taiwan from the mainland reached 334.63 million U.S. dollars last year, down 4.25 percent from 2013.

Among the major mainland investment projects, Bank of China increased an investment of 59.93 million U.S. dollars for its Taipei Branch in 2014.

The total amount of mainland investment in Taiwan reached nearly 1.2 billion U.S. dollars with 619 projects approved by the economic authority since the island opened its door to mainland investors in 2009.

In the meantime, 388 Taiwan investment projects on the mainland were approved by the island in 2014, down 11.82 percent year on year. The investment totaled 9.83 billion U.S. dollars, a 13.18 percent increase from 2013.

A total of 493 Taiwan investment projects in the world were approved by the economic authority in 2014, up 32.17 percent year on year. The investment totaled 7.29 billion U.S. dollars, a 39.4 percent increase from 2013.

Chinese mainland will take active measures to create favorable conditions to expand agriculture and fishery cooperation with Taiwan, a senior official said on Tuesday of January 20.

The mainland will earnestly study the suggestions raised by Taiwan farmers and fishermen and actively address their concerns, Zhang Zhijun, head of the Taiwan Work Office of the Communist Party of China (CPC) Central Committee and the Taiwan Affairs Office of the State Council, made the remarks while meeting with Taiwan farmers and fishermen.

The mainland boasts a huge market and abundant opportunities and can well accommodate businesses and commodities from Taiwan, he said.

“We hope Taiwan compatriots can seize the opportunity,” he said.

HONG KONG | 2015-01-20 14:47:32

>> Taiwan stocks close 0.84 pct up

By Wang Xin

Taiwan’s share prices closed up 0.84 percent on Tuesday of January 20 with the weighted index up 77.63 points at 9, 251.69, according to news reaching here from Taipei.

>>Fire kills six firefighters in Taiwan

By Wang Di, Chen Binhua and Xu Xueyi

Six firefighters were killed early on Tuesday of January 20 as they battled a blaze that engulfed a bowling center in northern Taiwan’s Taoyuan City.

According to the fire department of Taoyuan, the fire was reported at 2:02 a.m. and a large number of firefighters were dispatched to put it out. Two people were rescued from the scene and sent to hospital.

Six men, all in their 20s, were killed in a burst of flames that caused the building to partially collapse, the department said.

The island’s administrative authority issued a statement expressing deep condolences over the deaths and ordered to review firefighting measures, including personal equipment and training to help prevent similar incidents.

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